Nearly 15,000 jobs will be coming soon as four leading technology and telecom firms are getting ready to expand their operations at a fast pace. Leasing deals for office space of around 15 lakh sqft in Bangalore have been signed in the past two months for Accenture, Oracle, Nokia and Capgemini, reports Anshul Dhamija of Times of India.companies had reduced the space allotted to an individual to around 65 sqft. Even by this revised figure, 15 lakh sqft of office space means 23,000 new jobs.
Capgemini has signed for 2.5 lakh sqft of office space at the Summit in Brigade Metropolis, a deal confirmed by M R Jaishankar, CMD, Brigade Enterprises. It is said Capgemini will have a head count of a little over 2,000 people at the facility, most as new recruits
Many MNCs are expanding their operations in SEZs as the sunset clause for STPIs is coming up by end-2011.Unlike the 2002-07 boom, the wave this time will not be led by the IT industry alone. Other sectors like aerospace, biotechnology, pharma, clinical research, auto design and ancillary and manufacturing are set to pump up the volume.
As companies downsized in the past 18 months, an inventory of 12 million sqft of ready-to-occupy office space built up in Bangalore. IT hubs like Whitefield and Outer Ring Road have over 5 million sqft of inventory waiting to be occupied.